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IbogaProject

(4,897 posts)
14. Uh this isnt captialism here
Mon Jan 6, 2025, 10:46 AM
Jan 2025

This is something else. 25% of our economy has been captured as "carried interest" and that is private equity profits that compound tax free indefinately and only taxed if taken out as income. There is also a corp structure that avoids inheritance tax. Then we get the fantasy of infinate growth on a finite planet. Also the market is nearly myopically focused on the next few financial quarters and our system is full of cash grabs that gut the underllying businesses as they can load a corp up with debt used to buy back shares and artificially inflate prices. This is all before you consider nearly all money is created by banks at interest, while the interest itself is never created. This caused the global slave trade, colonialism, the modern work grind and the focus on fossil fuels and militarism. Marx was very wrong about the solution but his analysis was accurate and in line with classical economics. His views were shifted by Eingels who was a banking heir. Our "civilization" is a house of cards which is going to collapse, likely the next year or two. 4% chance each of the next two years of a Carrigton event which will blow out most electronics for half or more of the planet at once. The climate may also enter runaway warming as major clinate shifts happen over about a dozen years and this one has begun, never have CO2 levels risen so rapidly, even during major extinction events, tge last time CO2 levels were this level our planet was significantly warmer. This time it's so rapid that things won't be able to adapt. Add in pandemic risk, war and or crop failures as other risks. Any one can push a collapse two, three or more and that's it for most humans. If mire than one or two those nuke plants start melting down that alone could be the icing on sm extinction cake which will make Mad Max look like Sunday Roller Skating in Central Park.

Recommendations

2 members have recommended this reply (displayed in chronological order):

Capitalism won't fail, like it didn't fail around 1900 or 1930. But like then, it has to change Bernardo de La Paz Jan 2025 #1
I agree no violence only by vote do we change this. Duncanpup Jan 2025 #2
Vulture/extraction capitalism like ours will inevitably lead to oligarchy and fascism. Magoo48 Jan 2025 #13
Uh this isnt captialism here IbogaProject Jan 2025 #14
At this point it is robber baron capitalism like in the Gilded Age tRump refers to with such reverence. . . nt Bernardo de La Paz Jan 2025 #15
I've been thinking the same way. yardwork Jan 2025 #21
Well stated. . . . . nt Bernardo de La Paz Jan 2025 #22
I hope single payer healthcare is the next "crumb" the Robber Barons provide us with. Elessar Zappa Jan 2025 #24
Should have been dove in the 1960s, 1970s, 1990s, etc. yardwork Jan 2025 #25
I wish you'd reconsider & write a book, Dunc! SheltieLover Jan 2025 #3
In the meantime BigMin28 Jan 2025 #4
Hugs Duncanpup Jan 2025 #5
Thank you BigMin28 Jan 2025 #6
Can you use GoodRx? Nittersing Jan 2025 #8
Thanks. BigMin28 Jan 2025 #17
Check with timms139 Jan 2025 #9
Thanks BigMin28 Jan 2025 #18
Comparing them to vultures is unfair to vultures. yardwork Jan 2025 #20
Agree BigMin28 Jan 2025 #23
Well said, the problem is Tesha Jan 2025 #7
Gen z men voted for Trump 56% Tickle Jan 2025 #10
Those percents are of whom voted IbogaProject Jan 2025 #16
True. Elessar Zappa Jan 2025 #26
Your final phrase "one day these fine young people will be the predominant voting demographic" erronis Jan 2025 #11
I was in Graf at about that time Aviation Pro Jan 2025 #12
I hope you're right. yardwork Jan 2025 #19
Referenced your post keithbvadu2 Jan 2025 #27
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